Pakistan Allocates 2,000MW Power for $BTC Mining Operations
Pakistan has designated 2,000 megawatts of surplus electricity exclusively for $BTC mining and AI data centers in the first phase of a national initiative.
The Pakistan Crypto Council is spearheading the government-backed program to monetize excess power generation and attract foreign investment.
Finance Minister Muhammad Aurangzeb expects the initiative to bring billions in foreign capital while creating high-tech employment opportunities.
Multiple international $BTC mining delegations have visited Pakistan in recent months to explore potential partnerships.
The Ministry of Finance announced tax incentives for AI centers and duty exemptions specifically for Bitcoin miners.
Phase two will introduce renewable energy access for mining operations to balance growth with environmental considerations.
Pakistan ranks ninth globally in Chainalysis' 2024 Crypto Adoption Index, with over 27 million projected users by 2025.
The Pakistan Digital Assets Authority will oversee licensing and regulation of exchanges, custodians, and #DeFi applications.
#INI #InitVese #ETH🔥🔥🔥🔥🔥🔥
